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MADILL, Okla. – The Chickasaw Nation says it is ready to invest in a once-popular resort area along Lake Texoma in Marshall County.

The Journal Record reports that it has been 10 years since a private development group purchased Lake Texoma State Park. The group tore down the 106-room lodge in 2009, leaving 67 cabins standing.

The Chickasaw Nation purchased about 62 acres of land near the lake and wants to develop a hotel, 300-game casino, restaurant and gift shop and as many as 10 lakefront/boating cottages.

Tribe commerce secretary Bill Lance says the project can’t start until the tribe gets the land put into a federal trust, which will allow for the operation of a casino. The tribe is still working on its land trust application, and Lance says it likely won’t be iled before President Barack Obama leaves office.